Voyageur 171
Ottawa Wants to Thin the Tax Code, and The Dark Web Has a Long Memory.
News for residents of the “11th province”: Canadians abroad.
Please don’t forget to share, subscribe or send feedback.
Ottawa Wants to Thin the Tax Code
Ottawa says tax reform is back on the menu, which is probably good news for tax advisors, and just “one more thing” for everyone else to have to try and figure out. Wayne Long, the minister responsible for the CRA and financial institutions file, told The Canadian Press the Carney government wants to tackle the tax code one bite at a time, and it is putting small-business issues high on the list.
Ottawa is heading into a fall budget, automatic tax filing is planned for a pilot next year, and the Liberals promised a corporate tax review during their 2025 campaign, so this isn’t entirely unexpected. Truth be told, the system has grown too layered, become too political, and is too expensive to follow.
Read more: MoneySense / Global News
Advertisement:
A photo from the old country:
The Dark Web Has a Long Memory
MoneySense has a reminder for anyone whose Canadian life is spread across old email accounts, bank logins, passport scans, SIN forms, and that one forgotten cloud folder from 2018: once personal information ends up on the dark web, it can be sold again and again, sometimes for months or even years.
The warning signs are usually boring before they get expensive, so keep your head up. It could start with tiny card charge, a password reset email you didn’t ask for, or a credit inquiry you don’t recognize. Might even be a bank alert that arrives while you are asleep in another time zone.
The practical list is familiar, but it’s worth a reminder, and perhaps taking a few minutes to do. Lock affected accounts, change passwords, use multi-factor authentication, tell banks and credit-card issuers, check credit reports, and contact the Canadian Anti-Fraud Centre if you think something real has taken place.
Read more: MoneySense